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adjourn the 112th congress without providing assistance to the victims of superstorm sandy. i am joined today, mr. speaker, by many of my colleagues from the jurisdictions that -- whose people received the most damaging blow. though my district did not sustain the extreme damage that those in new york, new jersey, and connecticut did, the president declared several maryland counties eligible for federal assistance from this storm. but it was minor, and my citizens are not in dire circumstances. but the citizens of some who we'll hear from today are in that condition. those counties joined hundreds in the 1,000-mile diameter of this storm, the largest geographicically in the history --geographically in the history of the atlantic hurricanes. now at best the speaker said that sandy's victims will need to wait until the next congress to receive assistance. wait. they say to millions who are in pain and in distress. we should not be waiting, mr. speaker. we should be voting this very morning, which i tell you, mr. speaker, i expected to happen from my discussions with the majority leader. a
you so much. the president is weighing in on this. the superstorm sandy relief bill controversy. he said when tragedy strikes, americans come together it to sppt those in need. i urge republicans in the house of representatives to do the same, bring this important request to a vote today and pass it without delay for our fellow americans. >>> international markets reacting positively to the fiscal cliff deal, both asian and european markets made gains today. we'll bring in richard quest from london to talk about the boost we see in international markets. richard, you and i have talked about the fear and chaos. now it seems like we're over this, and there's some good news here, yes? >> yeah. i'm just looking at the numbers at the moment. the dow up 1.6%. in europe we see the footsie closed at 2.2 and you're seeing a strong rally on european and u.s. markets. on the back of this. i would say this is classic relief. it is no more or less. they are breathing a sigh of relief that the worst excesses of the cliff were not realized, but you knew there was one coming, but, of course, nobody
region's public transit and housing base as a result superstorm sandy has been addressed -- tough morning. we started with a hearing on the loss of our ambassador from libya. those challenges, just had opening ceremony for senator o inouye line in state and now the devastation the northeast region -- has been a tough day but we appreciate our witnesses being here to shed some light and hopefully some commitment by our colleagues to meeting our challenges. as you all know sandy's destructive force overwhelmed the region particularly in new jersey and new york and the result is massive unprecedented damage, unprecedented but this was our second hurricane in two years and we expect extreme weather like this to become more common for our region. because we need to prepare for the next storm is not enough to spend our time today simply discussing how we restore our housing and transit infrastructure to their vulnerable free storm condition. in my view now is the time to determine what actions we must take in order to build back the region in a way that makes us less of vulnerable in future
. >> and who can forget superstorm sandy? millions of neighbors, their houses swept away without power, damages, and raising questions about infrastructure and whether we should be spending some money to fix it. >>> number five, china, is china slowing or leading the world? we do know that china will be the biggest economy in the world by 2020, for sure, by 2030. china also getting more than a few mentions during the presidential campaign's probably because it is pretty clear, china is both a competitor and a partner. >> number four, europe, the european union was fractured by debt and the plans to fix it. that saga is far from over. >>> number three, the housing market, finally, finally bottomed out. the combination of home prices and continued mortgage rates set off a building and buying spree. well-he well-heeled investors began to buy entire neighborhoods. and homeowners got more with a hefty down payment. >> and cnn predicts that barack obama will be reelected president of the united states. >> the election, more than just about obama and romney, more about socialism, and capitalism and sp
, superstorm sandy. they do not think it was consumers fear got as much as it was on the drops of the markets in the middle east. back to you. lori: i think they did more online also. joining us now is founder and resident of sica wealth management. this is what i am thinking about with this disappointing sales. it is so difficult for the federal government. people are wary of all of the uncertainty. they are keeping their pocketbooks closed during this all-important spending season. do you see that as an interesting perspective? >> i think at this point, here you have this santa claus rally which is a market phenomenon that makes sense until it doesn't. that works until it doesn't. coming into this season we would have a typical 1.7% increase in the s&p 500. now, we are dealing with questions that will remain unanswered until january. that uncertainty makes investors anxious. tracy: we have for trading days left. what should we be doing? what should people be doing over the course of the next couple trading days? >> i think people should really look at their capital gains. we are at a point
said forecast growth of 3% to 4%. but super-storm sandy and uncertainty over the fiscal cliff made shoppers reluctant to ersnd. in egypt, voters have approved a new constitution based largely on islamic law. 64% voted yes but the turnout as very low, a little less than a third of eligible voters. coposition leaders say the constitution takes away many of their rights. in syria's civil war, rebel forces appear to be gaining ground against the assad regime. sctivists say the rebels captured the town of harem along the turkish border after a cttle that lasted four weeks. the rebels had already captured other towns in the area and at least three military bases. thpe benedict spoke up today for the 40,000 killed in syria in inarly two years of fighting. ,n his christmas address, he denounced the slaughter of the defenseless. inialso urged palestinians and israelis to find the courage to negotiate. the housing industry is coming back, and guess who is on a buying spree? and this could be a huge advance in space flight. spreusable rocket. when the cbs evening news continues. continues. if
officials that hit the ground when superstorm sandy hit explained that if you didn't get money into the hands of these small businesses almost immediately, then most likely they would go under. if you don't start rebuilding right away, people start to become depressed and they lose hope. let's not even discuss the economic impact. so to delay this vote even for another day is something that will resonate not only with the people that have been affected and are suffering and have lost everything, but i think it will resonate with the american people for a long time, and i think it will make them wonder what we are here for and what is the role of the federal government, what is the role of the congress, and maybe most importantly, can they trust us? so it is with a heartfelt apology that i apologize to my constituents, to my fellow new yorkers in need, those in new jersey, connecticut, and pennsylvania. i did all that i could. i will not stop, i will not relent, and i will continue to push for this vote to come as quickly as possible, but there is no rhyme or reason and it is in
. >> "outfront" next, nearly two months after superstorm sandy devastated the northeast, the victims are still not getting the help they need. the reason may surprise you. >>> and the best of the worst political fumbles of the year. a couple of your favorite flubs. i bet they made the list. tune in next. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts
'll get there eventually. >> "outfront" next, nearly two months after superstorm sandy devastated the northeast, the victims are still not getting the help they need. the reason may surprise you. >>> and the best of the worst political fumbles of the year. a couple of your favorite flubs. i bet they made the list. tune in next. yeah. ted? mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (toge
prices sky high. who could forget superstorm sandy. neighborhoods swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing, or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china getting more than a few mentions during the presidential campaign probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over.er t market. low price bottomed out set off a building and buying spree. they ended up buying entire neighborhoods but first-time buyers were able to get a home for the first time in years as long as they had a hefty down payment. >> number two. >> cnn predicts president obama will be elected president of the united states sniet was more about socialism and
by the number. first 60 billion dollars, that's how much victims of superstorm sandy would receive if the house passes a new aid bill. the senate passed the measure friday, but the republican-controlled house still needs to work to cut it down. and next, 1987, that's the year that rolston elementary in omaha buried their capsule. it was reopened as part of the school's 50th anniversary and found inside, go-bots, and guess jeans and garfield. go-bots were sweet. finally, 12, that's the number of nannies, angelina jolie and broad pitt brought with them on the caribbean vacation, two nannies for each one of their six kids. how do they get by? how do they get anything done? >> that's just-- i love it, good work brangelina. >> and back me up, america, go-bots were the transformers. >> juliet: '87 was a good year. >> clayton: they made us laugh and cry and accomplishments play out in a public arena and this year we bid them a fond farewe>> juliet: while swe say goodbye, we'll never forget them. and here to see us from across the pond. >> hello, good morning to you both. >> juliet: let's start off wit
sales to grow 3% to 4%. among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loa
extra funding for superstorm sandy. they deal with working on the wireless surveillance from the bush era, reauthorizing that. the senate floor is active with a the lot of other things they have to get done. the house will come back on sunday and be in session on sunday. they were told to be prepared to go through january 2nd when their term ends. there are a lot of members who aren't coming back in january. there will be that transition. when you walk around here, mike, you have boxes in hallways, office chairs in the hallway. people are moving, so there are members who don't have an office anymore but here to vote to wait on whatever might happen. it's a time of transition. we were looking back. for a lame duck to be back between christmas and new year's, it hasn't happened since nixon was in office. sometimes they come back when it's not an end of term year, but that's a long time. it gives you an idea how unusual it is to spend the holidays right here at capitol hill. >> kelly o'donnell, thanks as always. we appreciate it. >> you bet. >> it's the chairs in the hallway of the depar
since we had superstorm sandy and nothing has passed. two months. who among us would be content with the counsels of patience and delay if, in fact, we were shivering in the cold, if, in fact, our families had no home, if, in fact, they had been displaced from their schools, if, in fact, their businesses that they worked a lifetime took out debt and now are closed mare never open. who among us would happy with the counsels of patience and delay? so we cannot have a set of circumstances that creates a series of delays. now, i'm all for the good-government amendments of saying to those who are in debt to the nation that they, in fact, cannot receive any benefits or those who are deceased, of course they should not receive any benefits. but the rest of this is about creating delay after delay after delay that is only in the midst of a biting winter. we just had the first northeaster yesterday. we cannot ultimately accept those types of changes that put us in a process in which, in fact, we will not be able to successfully move the elements of being able to recover. now, the -- this
factor, a spending poll says superstorm sandy hit sales in the mid-atlantic region in early november. after-christmas spending should help a bit, but the impact is limited because a lot of people using gift cards and making returns. the national retail federation says we typically return $60 billion worth of merchandise after christmas, so early indications seem to show that holiday sales are looking like the rest of the economy, growing but not outstanding. joe? >> alison kosik. >>> as it comes to a close, we remember 2012 as a year of surprises. a south korean rapper gets newfound fame thanks to youtube and rihanna and chris brown back together again? cnn's top ten showbiz stories of the year are just ahead. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you,
on an age package for superstorm sandy victims. new york and new jersey representatives were expecting a vote before the term ends tomorrow but republican leaders ended the session prompting outraeupbl from both>> everybode rules except tonight when the rug was played out from under us. indefensible. we have a moral obligation to hold this vote. >> mr. speaker, we cannot turn our backs on our citizens who need us. >> i have to go home and tell them their new year's gift is they're going to wait even longer -- even longer -- for something they should have had over a month ago. >> this is an absolute disgrace, and the speaker should hang his head in shame for not allowing this to come up. >>juliet: i guess the images and the stories weren't enough for these people. all you have to do is show up in one of these neighborhoods to see how important this vote was. that's just my. the senate passed a $06 billion aid package friday to help parts of new york and new jersey rebuild from the storm. >>> parents and children in newtown, connecticut, are bracing for another difficult day. the student
there has not just been due to superstorm sandy. perhaps the biggest surprise, jc penney undergoing a positive turn, even as we speak, despite jack pin neigh appearing ton a do-or-die list for 2013, "the wall street journal." a big year ahead for ceo ron johnson, leads us to craig johnson's list of disappointments, ron johnson's old employer, apple, outside the apple store in the grove yesterday in l.a., yes, you heard me, he dissed apple. well, kind of. a little. >> apple's been -- has had a tremendous success story for any number of years now, but we think in terms of traffic and what we see at the stores, things have peaked out a little bit. so, they will still have a good season, still be up strong double digits but wouldn't be the outsized growth we have seen for any number of years now. >> all right. johnson also says sacks has struggled a bit, though he says the shoe department has been fine. overall holiday growth sales blow ducks is still 2.8% but he says to meet that sales this week today, tomorrow and the weekend have to hit it out of the park, otherwise, he says close to
Search Results 0 to 16 of about 17